Australian Sustainability Reporting Standards (ASRS) Reporting Simplified with CCR
Australia’s new ASRS standards, effective 1 January 2025, bring climate disclosures under the Corporations Act and align with IFRS S1 and S2. CCR’s AI-driven sustainability suite automates compliance by integrating data, aligning frameworks, and generating assurance-ready reports with accuracy and ease.
Understanding the ASRS Framework
The Australian Accounting Standards Board (AASB) has introduced two complementary standards under the ASRS framework:
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AASB S1 – General Requirements for Disclosure of Sustainability-related Financial Information Voluntary standard allowing entities to report broader ESG topics such as biodiversity, water use, and community impact.
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AASB S2 – Climate-related Disclosures Mandatory standard requiring large entities and financial institutions to disclose climate-related risks and opportunities.
Both are built on the IFRS S1 and S2 global baseline, ensuring Australian businesses provide consistent, comparable, and decision-useful information for investors and stakeholders.
CCR’s solution automates:
Data collection and mapping to AASB S1 and S2.
AI-enabled analytics for risk and emissions tracking.
Integration of financial and sustainability reporting for unified disclosure.
Real-time dashboards connecting strategy, governance, and performance.
Simplify ASRS Reporting and Disclosure Compliance
To comply with ASRS S2, companies must include:
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A Climate Statement
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Notes to the Climate Statement
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A Directors’ Declaration confirming compliance
CCR helps streamline the entire process of collecting declarations, validating inputs, and generating assurance-ready disclosures.
ASRS Reporting Focus Areas
The ASRS follows four pillars, consistent with the IFRS and TCFD frameworks:
Governance
Oversight of sustainability and climate risk.
Strategy
Integration of climate impacts into planning and operations
Risk Management
Identification and mitigation of physical and transition risks
Metrics & Targets
Measurement of GHG emissions and performance indicators
CCR enables compliance through automation, AI-driven analytics, and seamless data workflows.
AI-Enabled, Cloud-Based Platform
CCR’s Intelligence Platform is a secure, cloud-hosted, and AI-powered system designed for sustainability reporting at scale.
It reduces administrative load while ensuring accuracy, consistency, and speed.
Users benefit from:
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AI-assisted workflows that automate repetitive reporting tasks.
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Integrated data pipelines for emissions, governance, and risk management.
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Generative AI for scenario analysis and predictive sustainability insights.
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Instant export of data to ASRS, IFRS, and other required formats.
CCR’s AI agent helps organisations reduce effort while maintaining full transparency and traceability of sustainability disclosures.
Environmental, Social, and Governance Coverage
ASRS S1 and S2 address key environmental domains that CCR manages through dedicated modules:
- Climate Change & GHG Emissions: Automated Scope 1–3 tracking using CCR’s tech-suite.
- Nature & Biodiversity: Monitoring of resource efficiency, pollution, and ecosystem impact.
- Water & Resource Use: Measurement of consumption and circular economy outcomes.
- Waste & Circularity: Tracking of material flows and waste reduction progress.
CCR helps manage all social components covered by ASRS, including:
- Labour practices, equity, and wellbeing.
- Human rights, supply chain integrity, and community engagement.
- Health, safety, and workforce resilience.
- Social performance monitoring through AI dashboards.
ASRS expects clear evidence of climate and ESG governance. CCR supports:
- Board oversight and diversity reporting.
- Executive incentives linked to ESG outcomes.
- Anti-bribery, data privacy, and whistleblowing programmes.
- Documentation and audit trail of governance actions.
Strategic and Risk Management Alignment
ASRS S1 encourages disclosure of sustainability-related strategy and risk management practices.
CCR makes this simple through:
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Materiality Assessments: AI-enabled identification of key sustainability risks.
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Governance Tracking: Real-time view of accountability and decision flow.
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Sustainability Strategy Modules: Target-setting and transition scenario mapping.
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Risk Documentation: Alignment with risk based frameworks for structured sustainability risk management
CCR connects all strategic and risk data points into one platform — linking sustainability outcomes directly to enterprise performance.
ASRS S1 and S2 in Detail
Why ASRS Matters for Australian Businesses
CCR transforms compliance into a strategic advantage — linking sustainability, governance, and growth.
Voluntary Adoption Beyond Mandate
Even if your organisation isn’t yet required to report, aligning with ASRS now offers:
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Supply Chain Readiness: Large reporting entities will expect ASRS-aligned data from suppliers.
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Market Positioning: Early adoption signals proactive leadership and transparency.
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Investor Appeal: Demonstrates governance maturity and readiness for ESG-linked financing.
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Regulatory Ease: Future-proof your reporting before thresholds expand in later phases.
CCR equips out-of-scope entities to adopt ASRS voluntarily, improving preparedness and competitive advantage.
Materiality and Scope 3 Emissions
Materiality under ASRS follows financial materiality, aligned with IFRS S1 and S2 and the IASB Conceptual Framework.
Disclosures must address sustainability-related risks that could influence cash flows, financing, or cost of capital.
Scope 3 Emissions:
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Scope 1 & 2 reporting is required from the first reporting year.
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Scope 3 reporting begins from the second year, allowing a one-year relief period.
CCR’s solution consolidates emissions data, applies predictive analytics, and produces GHG Protocol–aligned, audit-ready reports.
Overcoming Common ASRS Challenges
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Challenge
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CCR’s Solution
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Partner with CCR for ASRS Compliance and Leadership
CCR combines technology, advisory, and assurance expertise to help Australian organisations lead confidently under the ASRS framework.
Our AI-enabled dolution delivers automated, integrated, and assurance-ready sustainability reporting that meets global standards while reflecting local context.
Turn ASRS compliance into a competitive advantage with CCR — your partner in sustainability, governance, and performance.
